Innscor’s protein division records mixed volumes performance

  • Colcom’s volumes were down 18%
  • Irvine’s table eggs volumes posted record high performance
  • First Texas Meats Market outlet opened in Bulawayo

Harare – Innscor’s Protein division which is made up of Colcom, Irvine’s, Associated Meat Packers (AMP) and the Texas Meats and Texas Chicken store network was marked by varying volumes performance in the year ended 30 June 2020.

In a full year results publication for the period under review, Group Independent Non-Executive Chairman, Addington Chinake said the Colcom unit, comprising of Triple C Pigs and Colcom Foods recorded an 18% decline in overall sales volumes year-on-year.

“Apart from the fresh pork category, which continued to show pleasing volume growth, all other categories showed a volume decline versus the comparative year”, he said.

The unit’s pig production however grew by 4% from prior year with over 103 000 animals processed during the period under review.

Growth has been attributed to improved genetics and production efficiencies across the herd and further production increases from the initiatives are expected to increase in the new financial year.

Irvine’s table eggs volumes improved by 13% in the period under review, a record high for the business.

Frozen chicken volumes however eased by 21% while day-old chick volumes declined by 27% as demand reduced in the small-scale farmer market in response to the current economic conditions and diminished crop yields and the disruptive effects of the COVID-19 induced lockdown.

 Chinake stated that the business continues to execute on its long-term strategy of investing in further table egg automation as well as additional hatchery facilities, projects which are essential in ensuring lowest-cost production.

AMP Group registered a 7% increase in volumes in the period, driven by the continued growth of the retail network.

The network saw the opening of the first Texas Meat Market outlet, a new “one-stop” protein shopping experience in Bulawayo while Texas Chicken retail outlets were opened in Zvishavane, Mutare and Gwanda.

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